James Lico

“Fortive delivered better-than-expected performance in the fourth quarter, including higher core growth, earnings, and free cash flow.”

“Our third quarter results showcase strong execution across our businesses, allowing us to deliver earnings and free cash flow at the high end of our guidance with 14% adjusted EPS and 12% free cash flow growth on 3% revenue growth.”

“Our second quarter results showcase strong execution across our businesses, allowing us to deliver earnings and free cash flow at the high end of our guidance with 90 basis points of adjusted operating margin expansion and 9% adjusted earnings growth, despite revenue at the low end of our guidance.”

“Fortive delivered outstanding operating performance again in 2023 through our proven formula for value creation. Our transformed portfolio of businesses delivered consistent through-cycle performance, reflecting a more durable company with mid-single-digit core growth in 2023 despite a mixed macro environment.”

“In the third quarter, we continued to see the benefits of our portfolio strategy with core growth and margin expansion in all segments. Third quarter core revenue growth was 2.5%, tempered by specific headwinds in healthcare and slowing in parts of Sensing in China.”